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Barchart
Barchart
Austin Schroeder

UNBELIEVABLE: Mixed wheat action continues at midday - The Untold Story

CBT KC MPLS USDA CBOT KCBT MGEX United States

The wheat complex is showing mixed  action as we trade through midday. CBT soft red wheat futures are mixed, with December down a penny. KC HRW futures are down 1 to 4 cents on Tuesday. MPLS spring wheat futures are up 3 to 4 cents at midday.

USDA is expected to release their WASDE this Friday despite the ongoing shutdown, with a Reuters survey showing analysts looking for US wheat stocks at 867 mbu, a 23 mbu increase from the September report, likely including the increased production.

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